New Delhi, Nov. 4 -- Motor insurance renewals could become more detailed for car and two-wheeler owners from December 15, 2026, when the Insurance Regulatory and Development Authority of India (IRDAI) introduces a new four-layer structure for private vehicle insurance policies.

The revised framework will separate motor insurance into four components: third-party liability, legal liability towards occupants or pillion riders, personal accident cover and own-damage protection.

For vehicle owners, the changes mean that renewing a policy will require more than comparing premiums. They will need to assess who regularly travels in their vehicle, whether passengers have adequate protection and whether they can afford to bear repair costs if th...